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Sweet Springs

Learn about the people, housing, costs and businesses in Sweet Springs, Missouri

Median Home$121,800
Median Rent$753/month
Population1,242
Leading IndustriesConstruction · Agriculture & Mining · Public Administration9% construction
Home Value Growth⬆⬆+12.2% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners74% of occupied units
NotableAffordable Market$122k median home · lower cost than 84% of the country
Sweet Springs
MO

Frequently Asked Questions

What are today's mortgage rates in Sweet Springs?

As of today, the 30-year fixed mortgage rate for Sweet Springs is approximately 6.912% (6.949% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Sweet Springs?

The median home value in Sweet Springs is $122k. The median monthly rent is $753. Annual property taxes average $943. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sweet Springs?

Home values in Sweet Springs have increased 12.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Sweet Springs?

Based on a typical all-in ownership cost of $720/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sweet Springs is $58k/year.

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What industries drive the economy in Sweet Springs?

The largest employment sectors in Sweet Springs are public administration (28%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.